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PRU Fintegrate Partnership 2019

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About PRU Fintegrate Partnership

Let's chart the future of insurance, together!

The PRU Fintegrate Partnership programme is Prudential Singapore’s flagship innovation programme for FinTech, InsurTech, HealthTech and MedTech scale-ups around the world and aims to build an ecosystem of relevant partners to help solve business challenges with creative solutions.

 

Why Join?

 

  • Partner with one of Singapore’s largest life insurers and draw on the organisation’s network and resources to turn ideas into reality.
  • Opportunity to create a solution for the largely untapped life insurance sector.
  • Grow your business and accelerate your product rollout in Singapore, one of Asia’s fastest-growing FinTech hubs.
  • Opportunity to showcase your solution at the Singapore FinTech Festival.
  • The chosen scale-up partner will be awarded a fully-paid contract with Prudential Singapore to execute their implementation plan.

 

Who Can Apply

 

  • Scale-ups with a proven track record in creating solutions that can be applied at scale and speed.
  • Other participation criteria include a valid product set, an existing customer base and/or secured funding.
  • Participating scale-ups will be assessed based on their ability to put forward a value proposition that solves one of our problem statements and meets technical and commercial considerations, and market opportunity.

Problem Statements



Finance


7. Commission commotion

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Background:
Timely and correct commission payments are important for our sales producers. However, manual processing for dynamic incentives delays payments and introduces errors.

What are we looking for?
A platform that automates commission calculations while allowing for dynamic incentives.

8. Bulk bank transfers are hard

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Background:
We see a high volume of transactions every day. Our current systems require different processes for different banks.

What are we looking for?
A platform that provides one file format for bulk payments, automates reconciliation, and allows for transfer tracking in real time.

9. The identity of a premium

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Background:
We have cases of in-bound payments without policy numbers or other unique identifiers, leading to customer friction.

What are we looking for?
Tools that make it easier for us to track and identify in-bound premium payments even without policy numbers or other unique identifiers.


Enterprise Business Solutions


10. Reinventing Enterprise Business (EB) and going back to basics

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Background:
We want to be a market leader in EB solutioning to help our clients build the workplace of tomorrow.

What are we looking for?
Comprehensive product offerings, competitive pricing, and a strong go-to-market proposition that helps our clients to care for and engage their employees better.

11. A spine for the backend

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Background:
Some processes in our employee benefits business are manual and time-consuming.

What are we looking for?
Workflow automation in the employee benefits business for processes such as quotations, queries and issue tracking.

12. Intelligent sales assistance

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Background:
Sales representatives are currently prospecting clients on their own which results in poor sales conversion and long lead times.

What are we looking for?
Ways to improve the automation and intelligence of sales leads for our Financial Consultants.


Programme Timeline

 

Ready to chart the Future of Insurance together?

APPLY now